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Q During the 2015 financial year, Dynamic Ltd. committed to a plan to sell its furniture manufacturing division. All the criteria indicating that the sale
Q During the 2015 financial year, Dynamic Ltd. committed to a plan to sell its furniture manufacturing division. All the criteria indicating that the sale is highly probable were met during 2015, except for the 3 marketing, which only started on January 5, 2016. The 2015 financial statements are still in the process of being completed. Which of the following should you do, in relation to the disclosures for the 2015 financial statements? Select the correct options and click Submit. Adjust the 2015 financial statements to reflect the discontinued operation. Include a description of the furniture manufacturing division in the notes. Include the reportable segment in which the furniture manufacturing division is presented as per IFRS 8 Operating Segments (if applicable) in the notes. Include a description of the facts and circumstances leading to the expected disposal and the expected manner and timing of that disposal in the notes. Do not disclose anything in the 2015 financial statements as this is an event after the reporting period. Submit
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